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Saturday, 11 August 12
SUB-BIT INDONESIA COAL SWAPS SEEN MOVING IN THE RIGHT DIRECTION


COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.29 percent W-o-W on Friday (10 August 2012) closing but lost 1.55 percent on D-o-D, according to the data released by AsiaClear OTC coal swaps.

Sub-Bit FOB Indonesia coal swaps for September delivery opened on Monday (6 August  2012) at US$ 62.33 pmt and closed on Friday (10 August 2012) at $ 63.14 gained around $ 0.81 pmt. The Q4 deliveries and Cal 13 deliveries also gained  $1.12 and $1.01 respectively. The Indonesian coal swaps performed well last week.

Cal 2013 deliveries for  Sub-Bit Indonesia coal was traded average at $ 70.10 pmt on 10 August 2012, which is $ 4.84 higher than September delivery price.


CFR South China coal shipments to China for September delivery lost 0.24 percent D-o-D and 0.26 percent W-o-W on Friday.

Sub-Bit FOB Indonesia coal contracts for September 2012 delivery closed at US$ 63.14 on Friday ( 10 August 2012) compared to US$ 62.33 Monday opening, gained US$ 0.81 per MT. In the meantime, CFR South China coal September delivery lost US$ 0.22 pmt W-o-W on Friday (10 August) closed at US$ 81.60 against US$ 81.82 Monday Opening.

CFR South China coal, Q4 delivery lost 0.01 percent W-o-W 0.46 percent D-o-D. Sub-Bit FOB Indonesia coal contracts for Q4 delivery gained 1.74 percent or US$ 1.12 pmt W-o-W but lost 0.74percent D-o-D and closed at US$ 65.26.

CFR South China delivery (Q4 2012) has closed US$ at $ 83.19 compared to US$ 83.18 opening on Monday (6 August 2012).


A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.

Sub-Bit FOB Indonesia coal contracts and CFR South China coal for Cal 2013 deliveries closed at $ 70.10 pmt $ 88.33 pmt respectively on Friday. Cal 2013 delivery prices for Sub-Bit FOB Indonesia coal and CFR South China coal are $ 6.96 and $ 6.73 higher compared to September deliveries.

September onwards, coal prices are expected to move forward as India is expected to back to market after monsoon holidays. Chinese economic improvements also is expected to  drive coal prices from the current level.



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Recent News

Sunday, 23 September 12
AN ANOTHER UNSTABLE WEEK FOR INDONESIAN COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.10 percent and 0.916 percent WOW and DOD respectively ...


Sunday, 23 September 12
INDIA IMPORTED 11.40 PERCENT MORE INDONESIAN COAL IN AUGUST
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped  26,451,565* tons of coal in August 2012, compared to 27.88* mill ...


Saturday, 22 September 12
SOFT BUNKER PRICES KEEP INDONESIA TO INDIA FREIGHTS STABLE - VISTAAR
COALspot.com - The freight market overall remained buoyant with all indices up except for Panamax index. The main effect seems to be increased shipm ...


Friday, 21 September 12
SHIP BREAKING ACTIVITY REACHES NEW RECORDS, AS ALREADY 2012 LEVELS HAVE SURPASSED THE WHOLE OF 2011 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The vast oversupply of vessels, most notably in the dry bulk shipping sector, has forced ship owners to intensify their efforts towards recycling th ...


Thursday, 20 September 12
SUPRAMAX : INDO-INDIA ROUNDS WERE AROUND USD 12K - FEARNLEYS
Handy Not a bad week for Supramax tonnage, if we compare Supramax developments to the bigger size tonnage. The rates have basically remained unchan ...


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